Inmarsat (LON:ISAT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Inmarsat Plc (LON:ISAT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 544.40 ($6.90) and traded as high as GBX 544.40 ($6.90). Inmarsat shares last traded at GBX 544.40 ($6.90), with a volume of 59,513,199 shares traded.

Inmarsat Stock Performance

The company has a market capitalization of £2.56 billion and a P/E ratio of -41.56. The company has a debt-to-equity ratio of 202.10, a quick ratio of 0.79 and a current ratio of 0.84. The business’s fifty day simple moving average is GBX 544.40 and its 200-day simple moving average is GBX 544.40.

About Inmarsat

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.